Michael Hoffenberg & Charlie Zabriskie Of Trevian Capital Provide $22.55M Refinance Loan In Chicago
$22,545,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 19, 2026
AI
The asset involved in this transaction is a multifamily property located in Chicago, comprising 68 units. The loan amount secured for this property is $22,545,000, which is a refinance loan type. The loan terms include a 24-month initial term with a six-month option to extend.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,545,000
- Loan Type: Refinance
- Loan Terms: 24 Month Initial Term With a Six Month Option to Extend
- Lender: Michael Hoffenberg & Charlie Zabriskie - Trevian Capital
- Date of Transaction: 02/20/2026
- Market: Chicago
- Units: 68
Michael Hoffenberg and Charlie Zabriskie represent the lender in this transaction. They are associated with Trevian Capital, playing a crucial role in facilitating the financing arrangement for the multifamily asset.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93